CONCORD, Calif., April 1, 2015 /PRNewswire/ -- AssetMark,
Inc. announced today that it has expanded its curated set of
investment solutions to help financial advisors using its platform
better serve the needs of high net worth clients.
"Advisors are increasingly working with wealthier households and
we want to equip them with tools, resources and insights to ensure
they can confidently attract and support these clients," said
Charles Goldman, President and
CEO of AssetMark. More than nine million households in
the United States now have
$1 million or more in net worth.
In the first quarter of 2015, the firm added two significant and
focused capabilities to its platform.
- In January, AssetMark added the William Blair Custom High
Net Worth Strategy.
- William Blair is known for its
institutional pedigree and their private client team leverages that
expertise for global asset allocation solutions.
- Portfolios generally include a custom and tax-aware mix of U.S.
and international equities and mutual funds, bonds and liquid
alternative strategies.
- In March, AssetMark added the Aris Custom High Net Worth
Strategy.
- Adding the Aris strategy was part of integrating the recent
acquisition of Aris Corporation of America, which was acquired by
AssetMark late last year.
- Through the strategy, Aris provides high-touch service and
tax-smart, custom portfolios starting at $500,000.
- These two new strategies complement the existing Custom High
Net Worth Strategy on the AssetMark platform provided through
City National Rochdale.
- City National Rochdale designs personalized portfolios that are
tailored to the needs of high net worth individuals with a specific
focus on active risk management and tax efficiency.
- Portfolio managers strategically adjust allocations based on
proprietary research, changing market environments and evolving
client risk tolerance and goals.
"AssetMark's platform is designed to offer advisors a broad
range of solutions to address diverse client investment objectives
and preferences," said Jerry
Chafkin, Chief Investment Officer at AssetMark. "This
set of high net worth solutions provides advisors a spectrum of
investment choices tailored to affluent clients, and is supported
by AssetMark's robust investment, relationship and practice
management expertise."
About AssetMark, Inc.
AssetMark, Inc. is a leading independent provider of innovative
investment and consulting solutions serving financial advisors. The
firm provides investment, relationship and practice management
solutions that advisors use to help clients achieve their
investment objectives and life goals. AssetMark, Inc. and its
affiliate, Aris Wealth Services, Inc., have approximately
$25 billion in combined assets on
their respective platforms and a history of innovation spanning
over 20 years. For more information, visit www.assetmark.com and
follow @AssetMark on Twitter.
MEDIA CONTACT:
Dana Taormina
JCPR
(973) 850-7305
dtaormina@jcprinc.com
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SOURCE AssetMark, Inc.